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Official Gazette

Sunday, October 22, 2017
MoIT slashes 675 business and investment conditions MoIT slashes 675 business and investment conditions
The Ministry of Industry and Trade (MoIT) on September 20 decided to remove 675 out of 1,216 business and investment conditions under its management during 2017-18.
Stricter rules for mineral management and mining Stricter rules for mineral management and mining
Experts proposed to revise a number of provisions of the Mineral Law for stricter and more effective management of mineral activities, heard a recent workshop in Hanoi.
Finance Ministry proposal to tax transfer of land use rights receives negative response Finance Ministry proposal to tax transfer of land use rights receives negative response
The Ministry of Finance has recently proposed the imposition of value-added tax on the transfer of land use rights under the revised Law on Value-Added Tax.
Mechanism for corruption-related asset recovery strengthened Mechanism for corruption-related asset recovery strengthened
The Party and the State have exerted great anti-corruption efforts but there remained shortcomings in the process of corruption-related asset recovery and the number of corruption cases detected and handled remained negligible, heard a recent workshop in Hanoi.
Legal framework for management of cryptocurrency takes shape Legal framework for management of cryptocurrency takes shape
The PM has okayed a scheme on creation of a legal framework for management and handling of cryptocurrency and virtual property.
More unnecessary business conditions to be removed More unnecessary business conditions to be removed
The Ministry of Industry and Trade plans to remove 464 to 612 conditions for establishing businesses and conducting business activities, according to Minister Tran Tuan Anh.
Lower corporate income tax expected to benefit micro enterprises Lower corporate income tax expected to benefit micro enterprises
An official of the Vietnam Association of Small and Medium-Sized Enterprises has recently suggested comprehensive acts to be taken to remove difficulties for enterprises, including adopting a more effective corporate income tax reduction policy.
Enforcement of security under the new resolution on dealing with bad debts Enforcement of security under the new resolution on dealing with bad debts
Resolution No. 42/2017/QH14 on trial dealing with non-performing loans of credit institutions was passed on June 21, 2017, by the National Assembly. It took effect on August 15, 2017, and remains in force for five years from that date. The resolution is a long-awaited text and expected to help credit institutions to better deal with their non-performing loans. A significant number of provisions of this text are about secured transactions which are at the heart of the process of recovery of bank loans for the time being. This article tries to give an overview of the text.
Some conditions for debt collection service to be abolished Some conditions for debt collection service to be abolished
The Ministry of Finance is considering proposing the Government to annul Decree 104 dated June 14, 2007, on debt collection service provision instead of issuance of a new decree to replace it.
Proposals to build Real Estate Tax Law articulated Proposals to build Real Estate Tax Law articulated
“It is unreasonable if the Real Estate Tax Law is built without making any changes in the land use levy collection mechanism and policy”, said Chairman Le Hoang Chau of the Ho Chi Minh City Real Estate Association.

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